5 tips to become a successful entrepreneur this 2018

Despite Filipinos being born entrepreneurs and risk takers, choosing the right business ventures remains a challenge for many. This 2018, we could all learn from some success stories, like this mompreneur who takes pride in owning several profitable businesses. Her name is Michelle Malaguit.

A mother of one, Michelle worked as a bank employee for three years after graduating from college. But although she was already earning a stable source of income, she followed her heart to become a boss of her own. Looking back at her journey, Michelle shares 5 useful tips for entrepreneurs looking for a breakthrough this year.

1. Do not be discouraged when you fail

Michelle started in 2002 with a computer shop, which was short-lived due to her lack of technical skills. Being a first-timer, she encountered a lot of difficulties and missteps that eventually led to the closure of her business.

Michelle picked herself up and tried her luck again in 2005 by putting up a water refilling station. Manning this kind of business suited her more and she currently has two profitable water refilling stations.

She carefully assessed the demands of her community and turned them into a business opportunity. “Naisip ko, bakit hindi na lang kaya kung ano ‘yung kailangan talaga ng mga kapitbahay namin, ‘di ba?”

3. Enhance your entrepreneurial mindset

To further encourage and inspire others to start doing business, Michelle shared what kind of mindset she has in making her own path to success.

Finally, Michelle also shared her secret to becoming successful: having the right business partner. She currently relies on her digital transactions unit in upgrading her businesses and empowering her community.

Her partner? An all-in-one device that caters to her neighbors’ digital transaction needs, such as bills payment, money transfer and mobile loading—POSIBLE.NET.

POSIBLE.NET is a convenient and comprehensive platform that creates positive change to both entrepreneurs and consumers. With over 300 products and services, it provides evident impact to Michelle’s businesses.

Just like Michelle, anyone can give their business a competitive advantage. Thanks to opportunities, resources, and new platforms like POSIBLE.NET, success in entrepreneurship is now more possible than ever.